Brexit keeps City hiring in the doldrums

Morgan McKinley warns of London 'brain drain' as workers leave because of uncertainty over a future deal with the EU

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By

Clare Dickinson

October 13, 2017 Updated: 9:20 a.m. GMT

City hiring saw its usual post-summer lift last month but year-on-year numbers show a different picture, with the Brexit decison continuing to hamper the jobs market.

The number of job vacancies ticked up 6% month-on-month in September, while the number of job seekers rose 14%, according to Morgan McKinley's latest London Employment Monitor. But on a year-on-year basis those numbers both declined — vacancies fell 13%, while the number of people seeking jobs plummeted 49%.